DaimlerChrysler Announces Profit-Sharing Payments for Chrysler Group Employees
16 Février 2006 - 8:38AM
PR Newswire (US)
Chrysler Group Employees in the U.S. Will Receive an Average
Payment of $650 AUBURN HILLS, Mich., Feb. 16 /PRNewswire-FirstCall/
-- DaimlerChrysler today announced profit-sharing payments for
employees of the Chrysler Group. Chrysler Group's 59,000 eligible
United Auto Workers-represented bargaining unit employees in the
United States will receive profit-sharing payments averaging $650.
Profit sharing payments will be paid on March 3. According to
Chrysler Group President and Chief Executive Officer Tom LaSorda,
the Chrysler Group profit-sharing payments reflect both a
successful year and ongoing challenges. "Today's Chrysler Group
profit-sharing announcement recognizes the hard work of our
employees and our progress toward our 2007 objectives," said
LaSorda. "However, our profit-sharing pool was significantly
reduced by a number of factors, the biggest being a dramatic
increase in retiree pension and health care expenses and U.S.
vehicle financing." For UAW-represented employees, profit-sharing
awards are a provision of the collective bargaining agreement and
determined by a formula based on an adjusted profit-based pool.
First Call Analyst: FCMN Contact: ss1005@DCX.COM DATASOURCE:
Chrysler Group CONTACT: Michael Aberlich, 011-49-711-177-6915, or
David Elshoff, +1-248-512-2690, , both of Chrysler Group Web site:
http://www.media.daimlerchrysler.com/
http://www.daimlerchrysler.com/
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